Retail TouchPoints

NOVEMBER 4, 2020

According to McKinsey , ecommerce sales in apparel, department stores and beauty products have increased by nearly 10%, on average, since the onset of the pandemic. Because of this ease, merchants have begun relying on POS financing to drive sales growth. According to McKinsey, merchants face up to 2.4X

Merchant Services 314

Merchant Services Payment Services Accounting Jewelry 314

Retail TouchPoints

APRIL 5, 2022

When it comes to embracing ethical commerce and moving corporate social responsibility (CSR) strategies forward, Amazon Web Services (AWS) research shows that retailers and CPGs identify three primary hurdles to success. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines.

Merchant Services 216

Merchant Services Beauty and Health Returns Consumer 216

Inside Retail

FEBRUARY 27, 2023

The analysis also reveals a broader shift in spending from goods to services over the year. The most significant annual increases in retail were seen in specialty retail stores, alcohol goods, family clothing stores and discount stores. To access this powerful insight into spending trends visit www.commbank.com.au/hsi

Merchant Services 130

Merchant Services Payment Services Specialty Retailers Accounting 130

Retail TouchPoints

MAY 20, 2022

Loyalty to those stores used to be 100% — a top customer would go to Neiman Marcus for everything and not go anywhere else. But come 2006, 2007 we really started to see that loyalty go away, and the bigger piece of it was [that] fewer people were going into department stores overall.

Wholesale 224

Wholesale Department Stores Fashion Social Commerce 224

365 Retail

JULY 20, 2022

in 2020, with e-commerce accounting for more than three-quarters of overall retail growth, and 57% of global shoppers’ spend is now online, and this momentum will only continue to drive the retail industry forward. Globally, online’s share of total retail sales was 16.4%

Merchant Services 122

Merchant Services Shopping Customer Retention Department Stores 122

Indigo 9 Digital

FEBRUARY 28, 2023

After Forever 21 opened its first store in 1984 in the United States fast fashion started to gain in popularity. Although clothing is a department store staple retailers like Sears or specialty retailers like Gap couldn’t keep up with a more nimble fast fashion retailer like Forever 21. and ultimately profitability.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

Indigo 9 Digital

JANUARY 12, 2023

Consumers were finally given a way to access merchandise at much lower prices than what was available from nearby merchants. Retail stores. But it has managed to be the second largest clothing retailer in the United States, behind Amazon, another retailer that doesn’t have the best assortment in clothing, a key department store staple.

Merchant Services 111

Merchant Services Consumer Management Department Stores 111